China shows the same sympathy for the whole European economy
China tries to take advantage of the debt crisis in Europe and to expand its influence in the continent through massive investments and purchases of bonds issued by states with the biggest problems. China's strategy in Europe could lead the U.S. situation is dependent financially Beijing. China's attitude has been very well observed during the visit of Chinese President Hu Jintao in Portugal in the beginning of November. A member of the cavalry to participate in the parade in honor of the Chinese officials when he fell from his horse and embraced leader in Beijing and asked how he felt, according to Der Spiegel. Hu Jintao care that showed it was actually a symbolic gesture, the Chinese media is excited because it was "the best time for people to see the real China." China shows, however, the same sympathy for the whole European economy by numerous investment opportunities created by the sovereign debt crisis. However, with promises of financial support and support the European currency, Beijing actually tries to stabilize its largest trading partner. Even before we get to visit Lisbon, Portugal ever asked China to help them jump. Seeing the size of the debt, the leader in Beijing has promised eventually to support Portugal through concrete measures and that bilateral trade will double by 2015. Portuguese Minister of Finance made a visit to Beijing to persuade the Chinese government to buy bonds issued by Portugal. China is already a major buyer of European bonds and promised it would be next. Fernando Teixeira dos Santos (photo) as trying to solve the financial problems of his country without resorting to using the European Union. Portuguese official made a similar visit in Brazil after a few days, according to BBC. Portugal has a budget deficit so large that many analysts say it will be the next country after Greece and Ireland will need financial support from the European Union's emergency fund and the IMF. Portugal has made alarming situation that the government be forced to offer higher rates on its bonds to attract buyers. In his recent visit to Brazil, Teixeira dos Santos said Portugal would like to diversify their investments in bonds and outside Europe. Visit from China was, however, less obvious and was not announced by any official statement